Welcome to the MI-SERA Website
TAKE ACTION ON PENSION TAX REPEAL
Governor Whitmer and many legislators favor pension tax repeal now. The state is flush with revenue. Two bills to repeal or modify the pension tax had hearings last year and one of them even was reported out of the Senate Finance Committee. SERA has been at the forefront is advocating for pension tax repeal. SERA members need to contact their State Senators and State Representatives to let them know you want to repeal or significantly modify the tax treatment of retirement income like pensions, IRA distributions, Social Security, and annuities.
TAKE ACTION TO REMOVE THE $300 CAP ON OUR ANNUAL COLA
With an inflation rate of 7.5 percent in the Midwest, state employee pensioners need some relief. Increasing the cost-of-living factor for state employee retirees is contained in Senate Bill 775 sponsored by State Senator Curtis Hertel (D-East Lansing). Not only has the pension tax burdened state employee retirees born after 1945, but our annual pension supplement has been capped at $300 a year for 25 years! That $300 adopted in 1987 is now worth only $129 due to inflation. It affects about two-thirds of all state employee retirees in the defined benefit pension plan.
SB 775 was introduced December 7, 2021 after several months of work by SERA advocates. Co-sponsors are State Senators Tom Barrett (R-Grand Ledge), Adam Hollier (D-Detroit), Erika Geiss (D-Taylor), Sean McCann (D-Kalamazoo), Paul Wojno (D-Warren), Winnie Brinks (D-Grand Rapids), Ed McBroom (R-Vulcan), Betty Jean Alexander (D-Detroit), Stephanie Chang (D-Detroit), and Rosemary Bayer (D-Beverly Hills). It has been referred to the Senate Appropriations Committee chaired by State Senator Jim Stamas (R-Midland).
Please contact your State Senator and urge a hearing and passage of SB 775. SB 775 needs to be one of the priorities for the state’s budget. Contact information for your Senator is available at senate.michigan.gov.
Retirement and Retiree Benefits Security During the COVID-19 Pandemic
Click here for document created by Mary Pollock, SERA’s Legislative Representative.
ANNUAL UPDATE ON MICHIGAN RETIREMENT SYSTEMS AND INVESTMENTS
Jon Braeutigam, Deputy Treasurer and Chief Investment Officer, Bureau of Investments, Department of Treasury, presented his “ANNUAL UPDATE ON MICHIGAN RETIREMENT SYSTEMS AND INVESTMENTS” at the February 2, 2022, Zoom meeting sponsored by the SERALansing Chapter. The document that he referenced in his talk can be found here.
About Michigan SERA
SERA is an non-profit organization devoted exclusively to issues and concerns of all current and future retirees of the State of Michigan.
SERA works to:
SERA works through its members, leaders, and committees to promote the best interests of state employee retirees and future retirees. At least eight times since 1974, SERA was a moving force in pension increases or benefit improvements. In 2011, we opposed the pension tax and helped eliminate it for 70% of retirees; we opposed the remaining tax on public pensions for those born after 1945 in the Michigan Supreme Court. We opposed the recent state employee retirement system changes. That work continues.
SERA has 21 local chapters statewide that are linked through the Coordinating Council of the State Employee Retirees Associations of Michigan (the SERA Coordinating Council). SERA chapters have periodic meetings with guest speakers, opportunities for networking, newsletters, and other activities.
SERA welcomes the new ideas and energy of new members! To join, contact Cheryl Streberger at 517-515-9815 or firstname.lastname@example.org.
Join a chapter of the State Employee Retirees Association (SERA) and help protect your pension and health insurance benefits, meet old and new friends, and stay informed!
Join Michigan SERA
Join a chapter of the State Employee Retirees Association (SERA) and help protect your pension and health insurance benefits, meet old and new friends, stay informed, and gain access to SERA Plus benefits!
The Michigan State Employee Retirees Association is a non-profit organization devoted exclusively to issues and concerns of all current and future retirees of the State of Michigan.
SERA works to:
SERA works through its members, leaders and committees to promote the best interests of current and future state retirees.
At least eight times since 1974, SERA initiated action for pension increases or benefit improvements. SERA has a lobbyist who watches legislative developments on our behalf. We helped to reduce the impact of the pension tax on public sector retirees.
SERA has 21 chapters statewide to provide you with:
SERA PLUS is a unique package of retirement benefits to help you protect your standard of living throughout your retirement years.
You are eligible for SERA if you are:
SERA chapters always need new ideas, new energy, and especially new members. Join over 12,000 SERA members in our efforts to assure every state retiree has a voice!
New members — Call for your FREE one year membership! Contact Cheryl Streberger at 517-515-9815 or email@example.com. Pay nothing now. Simply contact us now and we will explain how to obtain your first-year free membership. At the end of your complimentary year, we will mail you a renewal notice. Membership dues after the first year range from $6 to $20, depending on which chapter you join.
Renewing members — Print and then complete the membership form and send it along with your dues to the chapter you want to join. To find your nearest SERA chapter and the amount of chapter dues, meeting times and other information, please refer to the directory listing. Or e-mail your name, address, city, state, zip code, and the name of the chapter in which you are interested to: firstname.lastname@example.org.
SERA is committed to providing exceptional value to its members by delivering quality products and services to our members through our SERA Plus program. Consistent with our philosophy, we are pleased to announce that insurance (including auto, home and liability), tax planning and estate planning advice will soon be offered exclusively through our relationship with Hantz Group, Inc., and its affiliates (together, “Hantz”), headquartered at 26200 American Drive, Southfield, Michigan 48034.
Our decision to offer insurance, tax planning and estate planning advice through Hantz allows us to provide you with a variety of services under one roof. Hantz Group, along with its affiliates, Hantz Tax & Business, LLC and Hantz Agency LLC to name a few, provides a comprehensive approach to your specific needs. Hantz will offer and provide its services through its 21 locations conveniently located near most of our chapters throughout Michigan.
For more information on Hantz, contact our SERA Plus program administrator, Cheryl Streberger at 517-515-9815.